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History made as investors are first to buy real shares with real money via blockchain tech

PC Lee Published on Tue, Jul 25, 2017 / 11:16 AM GMT+8

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SINGAPORE (July 25): For the first time in the fund industry, investors have successfully purchased the shares of real funds with real cash, through a blockchain-powered platform for fund managers, called FundsDLT.

FundsDLT was developed as a collaboration between KPMG in Luxembourg, Fundsquare, a subsidiary of the Luxembourg Stock Exchange, and InTech, a subsidiary of POST Group.

“We believe these are the first fund sales using a blockchain-based platform, which were carried out in the world’s second largest market for net assets under management,” says Eamonn Maguire, global leader for KPMG’s Digital Ledger Services.

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History made as investors are first to buy real shares with real money via blockchain tech